Insurance seems like an unexciting industry compared to social media, technology and biomedical sectors. Understandable – dealing with risk management, underwriting, claims sounds boring to retail investors. However, it is a lucrative industry, and a big one. After all, Warren Buffet’s Berkshire Hathaway generate billions of investment funds in the form of float, through GEICO (one of US’s leading property and casualty insurer). In this article, we take a closer look at one of world’s most valuable insurance company: Ping An Insurance (Group) Company of China, Ltd. Introduction Ping An as the first joint-stock insurance company in China back in 1988. Over the years, it has grown by leaps and bounds into a large, diversified financial firm. It provides a wide range of financial product and services. Insurance is the main sector of its business, represented by life and health, and property and casualty segments. It is present in banking...